a lot of positives about theu.s.economy, ifwashington can get its act together, but europe is still a big issue. what do you think about europe right now? have we made progress? and what's to come? >> well, i think there's some big, long term things they need to do in europe over the next 5-7 years. they've done some structural forms. they've raised their pension ages. they've done labor market reforms. nothing has happened in the united states. absolutely nothing. and i think their reasons for optimism from the shale, which, by the way, that's an area where people are excited to talk about that. and, you know, there's some optimism coming from the easy money, i suppose, still. but i think in the united states, you know, if we get to the consensus, which seems to be 3% at the end of the year, i think that would be good. >> let me ask you about the economy. relative to what ee's going on washington. we voted that the house extended to see a debt ceili ining for a months. how does this play out? >> forever. i mean, that's the short answer. forever. they don't agree. so we're seeing an

interested in the discussion about theglobaleconomy. obviously,theu.s.economyisstill a global leader. we want it to remain that way. the political debate at home has been very much about jobs and the economy. and we're here listening to some of the leaders of the eu and other entities here trying to understand how they're dealing with their problems. and i think coming out of all this will be a renewed sense that in america we can compete and we will compete and we will continue to be the destination for capital and innovation. >> and we've got a natural gas boom, an oil boom, we've got thanks to low interest rates what appears to be some sort of a housing boom. so much more can happen. in fact it seems like the only body, the only institution that might stand in the way of 2013 being a great year is congress. >> well, listen. there is certainly not the outcome that anybody wants. and i'm hoping that after we've been through the election of last november, been through a fiscal cliff debate, working our way through a debt ceiling debate, i think in a responsible manner, with an eye to

. rather than focusing on america's vexing problems like an exploding debt and aweakeconomy, mr.obama put forth that the nation's top priority must be imposing social justice. >> we must make the hard choices to reduce the cost of healthcare and the size of our deficit. but we reject the belief that america must choose between caring for the generation who built this country and investing in the generation that will build its future. [ applause ] for we remember the lessons of our past when twilight years were spent in poverty. parents of a child with a disability had nowhere to turn. we do not believe that in this country freedom is reserved for the lucky. talking points disagrees with president obama's priority. although. impossible to do what the president wants to do. in short, prosperity. can't be done no matter how much money you spend. much more effective is building a strong society based upon a robust free market and effective, effective social programs. that provide opportunity rather than charity. as the president should know by now. the federal government cannot provide fo

ofaneconomythathas been stagnant for about four years. in the meantime the federal government keeps plunging into debt. so if someone brings forward an alternative to at least give us the opportunity to provide effective oversight and to make sure that this money does go to emergency needs and doesn't just fulfill a wish list for what some cities would like to do in the future to prevent against future storms -- not that we shouldn't be debating that, but that doesn't qualify as an emergency need getting money to the people that need it now. these are future decisions. we haven't had time to assess those. we haven't had time to examine those in detail. we haven't used the process that is in place here in the united states senate to go through committees and let the committees work through, is this essential to meeting the emergency needs? or can we set this aside and spend a little more time examining it, looking at it to make sure that this is how we want to go forward? we have a habit here of throwing money at things under an emergency category and then later finding out that, one, it wasn

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. remember thevirginiaeconomy, alot of places very dependent on defense and other industries, neither side will look good if they cannot make an agreement. it is a prediction but one that i don't necessarily think will be true. >> david cuts would have a serious drag on the economy estimates from a half a percent to a full point of gdp. someone is going to get the blame for that if it happens. who do you think blinks first? >> that is a good point. you may recall the pentagon was very concerned about this saying they would have to cut about $100 billion right off the bat. some of the officials went to the white house and said let's make a deal on this. there will be a lot of pressure to do that. republicans agreed to raise the debt ceiling. that took away a little bit of their leverage going into negotiations at the end of february. here comes paul ryan. where has he been? he is making this line in the sand now. i think the white house is concerned because this could hurt the economy going forward if we go through these deep cuts and right now the white house is saying we need to keep the

water. billions intheeconomy. atchevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> we're back. political director and chief white house correspondent chuck todd will take us inside the numbers of the latest poll as you tee up the second term, chuck. >> four years ago, enormous expectations for president obama. there were a lot of people, hope and change was big. this time, call it pragmatic hope as far as the public is concerned. as you see here, just less than 30% believe they're going to evaluate president obama with a clean fresh slate. 64% will evaluate him based on past feelings. and here, a continuation of a trend we saw throughout the first term. very similar to what ronald reagan dealt with dur

when those numbers come out and will a good number what will it say abouttheeconomy, whereit is? >> it depends on what the good number is right in the expectation is for about 175 thousand jobs, clearly a positive number moving in the right direction, but understand, you know, we need to create better than 300,000 jobs every month in order to really get out of this hole that we're in. that being said, i think you're going to get a preliminary look at the jobs number on wednesday, adp, they will come out wednesday with their sometiesti. any positive number is a good number. anything in or around 165 will be viewed as certainly expected. don't expect, you know they massive reaction as a result. >>> this economy like an indecisive lover, isn't it? earnings, coming up. boeing, ford, caterpillar, all big players out there, good indicator of where the economy is heading. what do you expect to see there? >> listen, we have seen earnings this quarter come in, 72% of the earnings so far have wasn't the estimates, but investors should understand the estimates have been slashed for the fou

theeconomy. theeconomysomeargue is not one of his priorities. >> if you look back in 2008 the median household income 52,546 dollars. three years into president obama's presidency the average for 2011 it dropped more than 2,000 dollars to 50,054. when you look at the numbers do you think the president should be more focused on the economy. john meachum is talking about it this morning. >> the most important g median household income over the last 12 years. without rectifiying that this will be an unmemorable presidency and potentially a significantly -- >> how is he going to do that in three years? how is he going to remedy that turn that around so the regular folks start to make more money? it seems to me almost impossible with these policies. >> i think we are all to blame here. a lot of people don't want to hear the hard truth. people don't want to pay more taxes they don't want to see these cuts. they don't want to embrace the simpson bowl kind of proposals. these are hard choices. you and i didn't run for president. he sought the job. he is a good man. i think you would agree wi

shape since the recession. given leeway to cushion theu.s.economyfromfederal budget cuts. here are some other stories in the news. this is from "the national council of state legislatures," which runs up what lawmakers are facing as they enter their session throughout the country. it says, -- it also looks at corrections costs. helping america become more energy dependent. and paying for transportation structure, roads, bridges, things like that. also, educating the workforce. let us take a listen to one of the governor's and what he had the say during this state of the state address. this is the governor of new york talking about new york state. >> yes it is hard to reform education. i know the politics of it. i know the problems. i know the issues. but, can you imagining how smart the state would be when we actually educate all of our children to the best of their god-given potential? when every black child and every white child and every orphan child and every other child is educated to their full potential? i know helping the state economy is hard. i know it has been decade

the budget, how to growtheeconomy. that'sthe kind of debate the country desevens. by the way, if we keep going down this path, we will have a debt crisis. it's not an if question, it's a when question. >> i remember him, alternativest young congressman from wisconsin that used to come on "squawk box." >> still fighting budget balthsds. >> if he's going to go on somewhere, at least he went on with david. congress must pass a stopgap spending bill by march 27th to keep the u.s. government running. and don't do that with your sneezes. >> what was that? i held it in. >> that's like -- >> i've been trying to hold it in because you were talking. >> no, no, it's going to come out. that's bad for you. something inside is going to pop or something. like an anneurism. it's bad to be repressed like that. let it out. >> that's his whole life. >> oh. >> let it out. >> michelle caruso ka brar ray. you're like a guest on the show, but thank you for being kind. >> it's the greatest feeling in the world. let it out. >> yeah, others have -- anyway, more trouble in egypt, a state of emergency has been decl

to not be part of that, because it is terrible fortheeconomyandseems to be bad politics. host: white house press secretary jay carney. let's hear purcellville in broken arrow, oklahoma, republican. what is your advice to republicans for the second obama administration? caller: i love c-span and i am so glad that you have this live call-in talk show from individuals all over the world. my question is, to the republicans, i know that you heard in the inaugural speech to the word "to gather." we have to come together. together we stand as we the people. i know and hope that our president of the united states, president obama, is hearing our voices this morning being back in the white house for and other four years. i am a military mom. i want to say this to the republicans. please work with our president of the united states. he is the general in chief for all of us. is gettingely on who more. we can ask. we can write letters. we can twitter and all the settings. but we have to come together. he is the one we voted for. as we let's work together the people. that is my answer to the republican

month. visit choosenissan.com. road and track called sentraaneconomycarminus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. >>> initial estimates say the crowd at yesterday's inaugural was at least 1 million people. that's down from the 1.8 million who came out to see president obama sworn in the first time, but even so, a turnout of a million people put's obama's second inaugural at one of the biggest ever. look at that crowd. it's almost double who turned out to see george w.'s second inaugural and tops the 800,000 who saw bill clinton sworn in. before obama the previous crowd estimate record was 1.2 million who came out for lbj, lyndon johnson's inaugural back in '65. we'll be right back. in america today we're running out of a vital resource we need to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them

we won't view immigrants so hostilely when he actually need them here contributing tooureconomy. soi'm confident that with this sort of renewed effort on both sides of the aisle to work out something that is doable, that will have the proper enforcement mechanisms but the proper pathway for people to come in out of the shadows and be fully participating members of our society, i'm very confident that we can get there. i really for the first time in the ten years that i have served in congress, really see this as a very real possibility. >> yeah. my concern is i agree with everything you said in terms of economics and social issues, fine. my concern is a government that cannot enforce its laws begins to crumble and our failure to have an honest, open, progressive immigration policy has been a disaster and it's not good for the future of our government that it can't do the job of enforcing its own borders which is essential to any country on this planet. stephanie, last thought. are we going to do this this time? >> well, chris, we have to try. i think there's a reason why we're talk

economyinthe world, and you guys are in the thick of it, right? with some areas that were very depressed that are now roaring. >> well, we are really encouraged by the turnaround in california. what we reported this morning is that in the fourth quarter or california house sales increased 80% in the quarter. that's been the slowest market to turn around. but as you know, a very big economic engine in this country. and so for us california means not just our own housing start, activity in our housing operation, but also that's the major market for our west coast saw mills and ultimately for the timberlands on the west coast. >> this morning i was on the "today" show and savannah guthrie, she's fabulous, she asked me, jim, all these companies are making a lot of money but are they doing any hiring? i said not that much. what i should have said is you guys in your transcript today make it very clear you are actually hiring people right now. >> well, we are. and most of the hiring in our company today is in our wood products manufacturing business. so we are putting people back to work, addi

economy. incrediblyhosni mubarak was ousted from power. however, at this point many egyptians not happy. the people behind us are not celebrating, they're protesting. >> i understand you spoke to a number of protesters. what is the issue here? what is the problem with the new leadership? why are they out on the streets? why are they upset? >> reporter: the opposition, the protesters have many issues. maybe that's one of their obstacles. not finding one issue to unite over. they're concerned because they say they've been pushed out of the political process. they're concerned about their rights. here's what that protester had to tell us. >> everybody is protesting. what did we get since two years? nothing. nothing achieved. >> reporter: the president says be patient. this is part of the process. >> we need a sign. look at the constitution. look at the constitution. is this a constitution for all egyptians? >> reporter: he said people voted on it. >> how many voted? 15 million or 52 million? 10 million said yes and can this be possible? >> reporter: do you trust the president? >> no. >> re

" live from the dubliner coming up. >>> the state ofoureconomycalls for action bold and swift, and we will act, not only to create new jobs but to lay a new foundation for growth. we'll build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. we'll restore science to its rightful place and wield technology's wonders to raise health care's use and lower its cost. >> here we are four years later. why not come back to the dubliner? all you did too. my, lord. the line goes around the block. a wonderful, joyful crowd. thank you all for coming. joining us now with the politico playbook, the politico executive director jim. >> i'm always a dose of sunshine in the morning. you guys were talking about ted cruz and his comments on gun control. i think what people need to realize, ted cruz is a mainstream republican with this senate and this house. his views, he's not on the conserveative edge of the party. that is the party. when you think about the budget, think about gun control -- >> saying the president exploited

to the reconstruction of the south economic he and the revitalization of thecontenteconomy, whichall of america relied on. the industrialization of many parts of the south. all of these things continued into the 20th century up to the dawn of world war ii. we do not know how many african americans found themselves back in a world of being bought and sold, but there is more evidence about this existing than many historians realize are wanted to confront. hundreds of thousands of people were bought and sold. thousands and thousands of african-american men and some african-american women died under horrifying circumstances. this was a system that relied on fatality and starvation and intimidation and a more fertile kind of involuntary servitude than what preceded it. it became a weapon of terror and intimidation to force african- americans from exercising their civil rights and intimidating them into compliance with the other kinds of explicative liver that we know more about. the repercussions of all of that are still with us. the legacy of that economically and educationally is very much somethi

, of theglobaleconomyandalso for us in europe, um, is free trade. we have, unfortunately, a lot of protectionist tendencies in the world today. when we met at the g20 meeting outlined this time and again and impressed this on us, and we need to do everything we can in order to contain these protectionist tendencies. the doha round, the world trade organization has not, unfortunately, developed in such a positive direction as we wished. so in the future, too, unfortunately, we need to pin our hopes on financial trade agreements. and germany, i can promise you, will be very proactive as regards the conclusion of such fha agreements. we've now given the mandate for a free trade agreement with japan, with canada. we're shortly before conclusion of an fta with the -- [inaudible] states. we urgently need to come to such agreements. and after decades of failed attempts, we would like to do this with the united states as well, develop such a free trade agreement with the european union. quite often cultural exports are a bit bit of a hurdle here on bh sides, but i think we need to do, w

. >> the president will either rise and fall abouttheeconomy. >>reporter: obama is off to a head start with his current approval rating higher than his first term average. but he still faces fights over gun control. and immigration reform. >> this is when presidents really get tested, when unexpected things happen and they have to react on the spot, in real time. we get to seat real character of a president. >> just 16 presidents have been elected to a second term, including some of the great ones. obama, the 17th, will now get his shot at greatness, or not. you know, both gentlemen agreed that tackling the economy was first priority. they said in order for president barack obama to leave the democratic party stronger, he has to pass immigration reform. that's what you were talking about a while ago. >> isn't that one of the big questions? is his goal his legacy? or is his goal a democratic legacy? >> one guy said within a year. have you a year to really make your mark. the other guy said maybe two years. >> get into the six-year itch in washington. soledad, the first key comes from the preside

night. alex. >> okay. thank you so much for that. >>> let's go totheeconomy, moresigns it's on the upswing. u.s. stock markets approaching record highs, the dow on track for its best january performance since 1989. the s & p closing above 1,500 for the first time in five years. nasdaq also closing higher. but there could be pitfalls to the good news. >> the stock market winning streak marked its fourth straight week and this week, encouraging signs on jobs and higher home prices, the government reported homes of new sales shot up in 2012. home sales up almost 14%. diana covers real estate for cnbc. >> home building definitely improved in 2012. nowhere near we need it to be. running at half the housing starts we would be in a normal year. only . >> any improvement is good news for this custom home building outside of columbus, ohio. they haven't been this busy since the housing bubble burst in 2006. >> we're very excited. last year was good, expecting this year to be great. >> reporter: the dow has finished each yoear higher than it began. it is poised to set a new record h

economy, issocial justice. not trying to manipulate a society, not trying to move toward a collectivist society. so there are fairly radical -- radically different visions of what creates social justice, what creates that opportunity. i think we as the conservatives, as those who are defenders of freedom, have to constantly be pushing. even when we're running against that brick wall we've got to keep running into it until eventually we knock parts of it down because heaven forbid if this president were to get his vision of the agenda, what would this country look like four years from now? >> talk a little bit more about the tax component of the republican agenda. when you talk about tax reform what does that mean? >> one of the thing that -- things that has some of us enthused, chairman camp, at least this is what i'm hear they spent two years holding hearings, collecting information about what a much broader base, lower rate, a lot less, you know, sorry to throw some acquaintances under the bus, lobbyist created carveouts, special extenders in the tax code would look leek and why do we

bright spots intheeconomy. anassault weapons ban is intrawsd on capitol hill. nancy cordes on the bill and its prospects. why is the world's most advanced airliner catching fire? sharyl attkisson investigates. and it came out of the darkness like a ghost-- a giant no one had ever seen alive until now. >> what science fiction writer wouldn't just love it? captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. a lot of americans find it galling that the people who caused a world financial calamity didn't go to jail. they pushed mortgages on to people who couldn't afford them, bundled the doomed mortgages into investments, rated them aaa, aad then sold the worthless packages to investors, including pension funds. remember when the bubble burst? the dow lost more than 5,000 point, 40% of its value. retirement nest eggs were wiped out. nearly 7.5 million americans lost their jobs, and 1.3 million homes were lost to foreclosure. well, today, a woman known for prosecuting terrorists and mobsters was appointed to head the securities and exchange

as quickly as possible. >> to continue to have theeconomyrecover,to create a stronger foundation for economic drought, and to continue his commitment on civil rights issueses like lgbt rights to take on tasks that require bipartisan support like day to talk about immigration reform and he'll take his case on the road next week in las vegas and to force the hand of congress which he fears will not act on his priorities, president obama will spend much of this coming year taking his case campaign style directly to the people. for "cbs this morning" saturday bill plante at the white house. >>> let's take a closer look now at how the president is pressing ahead with his new agenda and how republicans are already reorganizing for the next election. jeff bellamy is with us. nice to have you in the studio with us goochld morning. >> good morning. >> there's a short opportunity for the president and there's a lot on his plate, gun control, climate control, and you have the immigration reforms he's put out there. does he risk losing on all fronts if he takes all of

) vo: wherever our trains go,theeconomycomesto life. norfolk southern. one line, infinite possibilities. >>> all right. we're getting new information from ktrk, they are both reporting that two -- two suspects have been taken into custody in connection with the shooting incident on the campus of the north harris campus of lone star college outside of houston in harris county, a campus of about 10,000 students. we have not yet independently confirmed what these law enforcement officials are telling our local affiliate. but i wanted to update you on what's going on. we are standing by for a 5:00 p.m. news conference, in half an hour or so. 5:00 p.m. eastern, 4:00 p.m. central. they said they were searching aed wood area for a suspect. that's when they said they had one suspect in custody but now our affiliates are telling us that two suspects are in custody. we'll see where this is going. we'll update you as more information comes in. >>> other news we're following right now, including a new controversy erupting today in the wake of yesterday's inauguration ceremony here in

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of theamericaneconomybythat. but also very clearly having a pathway to earned legalization is an essential element, and i think that we are largely moving in that direction as an agreement. >> what do you want? senator mccain said it's helpful that president obama is out on the road. what do you want to hear from him? how committed is he to getting this done? he also wants gun control. >> right. well, i was at the white house on friday with the congressional hispanic caucus leadership, and the president made it very clear in that discussion that this was a top legislative priority for him in this session of the congress and that he expects to work with all of us in an effort to achieve the goal, and he's fully committed to it, and i think that's why this week he starts the clock by the speech he's going to make out in las vegas. >> and that pathway to citizenship, that has to be in there? >> absolutely. latino voters in -- first of all, americans support it in poll after poll. secondly, latino voters expect it. thirdly, democrats want it, and, fourth, republicans need it. >> shouldn't the

the euro. and the issue is the fed just prints money. it just keeps interest. in fortheeconomy. thereis going to be inflation. prohibited oddly enough in richard virginia. there you go. look at these. v.a. is going to spend $22,000 to study a virginia alternative currency. that kind of a waste of taxpayer money? >> you know, in a way it is. the issue is we have had, before we haven't just had the dollar forever. at one point, in 1836, there were every state had its own bank note. and there were 16,000 chartered types of currency. so easy to counterfeit. it d bs didn't work at all. during, look, i have a wig n on my chest because i'm a nerd. i love this stuff. this is terrific. so, in 1862, to finance the civil war, we came up with what was called the green back. and that was the first time we really had the dollar. so it doesn't really -- how can each state have a currency? the one good thing about it would be states can't print money. and thomas jefferson, the virginian said if there were anything he could add to the constitution it would be to take away the borrowing ability

the difficulties he inherited.theeconomyina mess, the wars. now he's out there on his own. we'll have to see how it goes. >> i think it was a very aggressive obama speech. >> he's making a bet that america's turning a corner. if we could show, if i could ask our great folks in the control room, to show the wide shot again. the white house. you see across the river. as the sun sets there. i remember standing in that park on 9/11 and watching the smoke. you see the top right of your screen. i remember we were evacuated from the white house on 9/11 and watching the smoke come up from the pentagon in what would be the top right of your screen there. the president in his speech today talked about the war is over. a decade of war is ending. >> yes. >> he is making a bet that america cannot retreat from the world but, heck, can have a different engagement with the world. that both changes foreign policy but it also potentially frees up resources in domestic policy. >> he can use that as a springboard to say now that we have the opportunity, we must seize the moment. he's got this whole -- his wife

our families safe and helpoureconomygrowat the same time. >> okay. there you have it. what do you say to that? >> i say you look at the literature. we know a study in journal of nature show 60 years no trend in droughts and there was a decline in the u.s. except for the most recent one in 2012 which wasn't even as big as one in the 1950s or 1930s. in terms of flood, 80 to 117 years, no trend in floods. hurricanes, eight years now with the longest period without a major landfalling category 3 or larger hurricane in that eight years since 1900 we've gone that long. if you start looking at these measures -- >> answer me this point. you wouldn't dispute there's been increased acceleration in c02, right? >> james hanson from nasa indicated flat lining temperatures. the movements have shifted to extreme storms. that's the focus. evidence is everywhere when you look at extremes. bottom line is we always had extreme weather. in the 1970s, the cia report and "newsweek" and people worried about coming ice age blamed extreme weather. droughts and bad weather and crop failure on global coolin

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withtheeconomybadand feeling washington needs to get its act together. >> joe? >> yeah. >> that asks -- that leads me to ask, you know, the group, what happens if within the white house, off of what mark just said, because this will be increasingly popular if the republicans continue to do things like this, what happens if the white house decides to try and pick off specific members of the republican membership in the house and perhaps some republicans in the senate and basically say people like you more now if you come and try and meet us halfway. what happens to this whole ball game if that occurs? >> i actually think the ball game is changing. the front of "the washington post" says that the gop offers respite on debt. "the new york times" also talks about how the republicans have gone ahead and pushed for -- obviously for this three-month extension that we're talking about. and mike, this goes back again to the republican party, not being conservative, not being moderate, but being smart. turning their back on their stupid ways as they set themselves up for punching bags which th

their agenda today as well. cutting spending. >> our nation's total debt is now larger than ourentireeconomy. thismeans that every man, woman and child owes a $53,000 share of this debt. that level of spending is unsustainable. a major credit rating agency has already downgraded our nation's credit once. and if we don't start making some real progress on spending reforms, more downgrades are likely in the near future. >> about eight minutes past the hour now. live look this is happening in washington, d.c. as we speak. this is happening really across the country. one of the main ones, this is a rally for gun control taking place in washington, d.c. people there are rallying for stricter gun laws. you know this has been the big debate in the country since the shooting, the killing of all those children in newtown, connecticut at their elementary school. you're seeiie seeing eleanor ho. expecting residents of newtown, connecticut to play a role in this march today. we don't have a wider shot of how many people turned out. march happening going to keep an eye on it there in washington, d.c. >>

principles and good government principles, reform government, modern government.theireconomiesaregrowing at twice the rate of the national government. so that's why i'm optimistic. it's not -- there are principles at work. there are economics that work. it doesn't work. so my long-term view is that the states will soon be bailing out the feds. >> we shall see. leigh, you're writing a book right now talking about the demographic changes that are basically putting an end to the suburbs as we know it. these same demographic changes present a tremendous challenge for the republican party on one side. but on the other side presents a tremendous challenge to the party of big government. we are going to spend the next 30 years, at some point -- now, this president is ignoring the reality. his inaugural speech could not have been any more disconnected from the reality that we now face economically. but at some point those demographics could actually help small-government conservatives because we're going to have to figure out how to scale back in a smart way. >> it's true. and the demographics a

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